Despite the big breakout just a day ago, the Spot XRP ETFs are defying the odds, setting record trading volumes and attracting new entry. This intensity and increase in investor demand is especially surprising in light of the fact the latest XRP price crash and the overall decline of the broader crypto market.
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XRP ETFs Defy Trends and Hit Record Volume
XRP is making headlines behind it The ETF received new inflows following important exits. According to data from SoSoValue, XRP ETFs he saw a record $92.9 million drop on January 29, 2026. This marked the biggest drop since they were introduced on November 13, 2025.
Since becoming available for trading, XRP ETFs have registered only three outflows, with the latest $92.9 million drop being the third. This withdrawal was primarily driven Grayscale’s GXRPwhich saw a whopping $98.39 million leave the fund, partially offset by inflows into Franklin Templeton’s XRPZ, Bitwise’s XRP ETF, and Canary XRPC.
At the time of the exit, the XRP ETF’s total assets fell to $1.21 billion from $1.39 billion the previous day. The decline coincided with a drop in the price of XRP, which fell from $1.92 to $1.80 in 24 hours. Unexpectedly, XRP ETFs took a day off after $92.9 million was withdrawn. They recorded a total daily inflow of $16.79 million, although total assets remained slightly lower at $1.19 billion.
Even more impressive, Spot XRP ETFs achieved record trading volumes despite the general downtrend. Data from The Block exhibitions that XRP ETFs saw their cumulative volume rise to $2.23 billion from $2.15 billion in just one day after a daily outflow of $92.9 million. Reports indicated that Bitwise’s XRP ETF had the highest trading volume at the time, followed by Grayscale’s GXRP, Franklin Templeton’s XRPZ, Canary’s XRPC, and 21Shares TOXR, in that order.
In context Assets Under Management (AUM)The XRP ETF fell slightly, falling from $1.48 billion to $1.32 billion following the January 29 exit.
XRP Price Continues Slide Amid Market Uncertainty
While XRP ETFs recovered from the recent breakout, the price of cryptocurrency continues to fallextending its losses from earlier this year. According to CoinMarketCap, XRP is down more than 11% in the past week and is down less than 3% in the last 24 hours. After this decline, its price now sits at around $1.69, representing a drop of more than 15% from its $2 level seen a few weeks ago.
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XRP’s daily trading volume is also down more than 26.6% at the time of writing, indicating a possible drop in trader confidence and growing uncertainty in the market. Supporting this trend, XRP’s Fear and Greed Index has fallen in the “Fear” area. The broader crypto market is showing similar weakness, per the index to sign the biggest fear of all major digital assets.
Featured image from Unsplash, chart from TradingView
